Movement Alert|Celestica Rises 5.44% in Regular Trading, Q2 Earnings Beat Drives Rebound After Prior Session Pullback

Market Focus08-04 22:09

On August 4, Celestica rose 5.44% in regular trading, trading at 358.47 USD/share, with turnover of approximately $200 million. The stock rebounded strongly after declining over 5% in the prior session, extending the post-Q2 earnings recovery rally.

On the news front, Celestica reported Q2 revenue of $4.7 billion, up 62% year-over-year, with adjusted EPS of $2.54, both significantly exceeding market consensus estimates of $4.37 billion and $2.27, respectively. The company raised full-year revenue guidance to $20.5 billion and adjusted EPS to $11.30, well above prior forecasts and analyst expectations. Management indicated that 2027 revenue growth is expected to further accelerate, supported by new program wins and robust AI infrastructure demand. RBC Capital Markets maintained an outperform rating and raised its price target to $450, citing market share gains from strong execution and design-manufacturing synergies.

The Electronic Manufacturing Services sector provided additional momentum, with Fabrinet up 12.33%, TTM Technologies up 8.6%, Flex up 5.79%, Jabil Circuit up 4.75%, and TE Connectivity up 1.55%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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